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Jan 24, 2013
01/13
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WETA
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remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses?...
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Jan 24, 2013
01/13
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CURRENT
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take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i
take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes...
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Jan 29, 2013
01/13
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CURRENT
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 31, 2013
01/13
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MSNBCW
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wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right. >> let's listen to a few highlights. >> -- on pig manure. if they demand a one or fun ratio between tax increases and pig manure cuts, then there's really no hope of ever putting our country back on the path to prosperity. >> now, start with you, jared. correct me if i'm wrong, but isn't pig mature what paul ryan is actually trying to cut entitlements unless that's their word for entitlements? >> you know, there is no line in the government budget for waste, fraud, and abuse, although these guys pretend there is. when they talk about things like that, they don't know what they're talking about. during the recover
wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right....
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Jan 24, 2013
01/13
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MSNBC
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so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the barack obama gang attempting to reimplement the tyranny of king george. >> we'll show you what he and his buddies will be up against. >>> we all pay a transaction tax every day, but not the fat cats on wall street. david cay johnston tells us how it could make a dig difference. >>> and next, vermont senator bernie sanders will tell us if the senate filibuster rules are about to change. >>> welcome back to "the ed show." at this hour, there is still no finalized deal between democrats and republicans on filibuster reform in the senate, but new details are coming out. but no matter what happens, it looks like the all important talking filibuster
so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the...
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Jan 27, 2013
01/13
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for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. powe
for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney...
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ceiling or the fiscal cliff i think is a significant force in the role of economic policy that is five years ago if i face a. journalist that you asked me face problems with service and it's it's. probably no you know lunatic aside now this possibility that perhaps not their ally. still is on the take. and this is just a byproduct waltz in washington all the phenomena of the kind of policy you know the most important economy in the world. but without a minus check out the markets us will be able to see they are indeed mixed but the down watch lee continues north actually averaging a five year high and that's despite u.s. confidence coming out. not by taxes and spanks over in washington but gains on the dollar though really thanks to corporate earnings from the likes of drug make a fire which rose two point eight percent of the higher than expected full year profit and energy shares as well collines also having a good session reporting a twenty fold profit so that's why it is half a percent for the dow. started out now the footsie in london as you can see seven tenths of a cent london h
ceiling or the fiscal cliff i think is a significant force in the role of economic policy that is five years ago if i face a. journalist that you asked me face problems with service and it's it's. probably no you know lunatic aside now this possibility that perhaps not their ally. still is on the take. and this is just a byproduct waltz in washington all the phenomena of the kind of policy you know the most important economy in the world. but without a minus check out the markets us will be...
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the second problem of the second more and more important problem than just the monitor of the debt ceiling or the fiscal cliff to use the significant force in an economic policy that's five years ago is facing. in terms that you asked me face problems with the service and it's it's. probably you know the lunatic second now this possibility that perhaps not they're all right. still is on. and this is just a byproduct waltz in washington of economics of the kind of false if you emotional for the economy in the right. right token of the economy let's check out the u.s. markets they do remain minutes ago the dow continuing north around hoffer percent that five year high despite u.s. confidence coming out. really knocked by taxes in spots over in washington the games are on the dow thanks to corporate earnings from drug micah finds on energy shows up the lera reporting a twenty fold gain in profit that the two standout stocks to me the nasdaq down a fraction the footsie in london also had a good day of it which indicates that investors are expectant of more such a bike stimulus going forward as
the second problem of the second more and more important problem than just the monitor of the debt ceiling or the fiscal cliff to use the significant force in an economic policy that's five years ago is facing. in terms that you asked me face problems with the service and it's it's. probably you know the lunatic second now this possibility that perhaps not they're all right. still is on. and this is just a byproduct waltz in washington of economics of the kind of false if you emotional for the...
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Jan 24, 2013
01/13
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FOXNEWS
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i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and grandchildren's money, and charles is exactly right. the reason why our credit got downgraded is because of our out of control spending and out of control debt. the fiscal cliff deal even we just witnessed, it's such -- added four trillion dollars to our deficit over the next ten years. so, congress is not serious about reigning in spending and that's exactly when the we need to too. >> but they're not doing it. >> they're not doing it. and it neils hunky dorie. that's just it. >> the markets aren't. >> the markets are hunky doory for a few reasons. it's pause of the global economy. markets went up and
i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and...
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Jan 24, 2013
01/13
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weak fourth quarter g.d.p. as justification for cancelling the spending cuts and so the governor's going to keep on spending the fed is going to keep on printing to monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates that america's soaring there i want to ask i want to point out this other justification that the white house is using the white house also blame superstorm sandy for shrinking the economy natural disaster as as we know also disastrous for the economy and also out of the government's hands right. well look the government's going to blame everybody but themselves why doesn't the obama administration take a look in the mirror if they want to know why the economy is struggling and believe me it's going to get a lot worse because we still have all this money that we borrowed that we have to deal with always did duri
ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weak fourth quarter g.d.p. as justification for cancelling the spending cuts and so the governor's going to keep on spending the fed is going to keep on printing to monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates that america's...
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Jan 29, 2013
01/13
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that was to pay for the last debt ceiling increase, let alone any future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put this in context and think about what congressman ryan from wisconsin is really saying. republicans backed off their debt limit threat because they knew it was a political loser. and now they seem to be backing off their threat to shut down the government. sequester? well, that's another matter. if congress does nothing, the cuts take effect. republicans don't want defense cuts, but they might be willing to stomach those cuts because domestic programs would also get slashed, including medicare. and that's what republicans really want. let's turn to barney frank, former massachusetts c
that was to pay for the last debt ceiling increase, let alone any future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put...
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Jan 31, 2013
01/13
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CURRENT
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police budgets, to -- you know supposedly deal with this debt ceiling -- the last time i checked, 87 americans did not die from the fiscal cliff or the debt ceiling. they are dying from unrestricted access to guns and congress is to blame. >> jennifer: give us some hope. if you have to put your prognosticating hat on which of the measures are going to get through this congress? will there be an assault weapons ban, background checks and a ban on high-capacity magazines. >> if general mccrystal continues to speak out that these are designed for war and maximum body damage, not for a civilized society, we might get that ban on assault weapons. we should get a universal background check for all gun sales so it's harder for criminals, the mentally ill and terrorist groups that come to u.s. gun shows because they can buy assault weapons without a background check in this country, we should be able to get that. the ban on high-capacity ammunition clips is just common sense. we should get consumer protection standards like we have for toy guns, but not real guns and then lindsay graham is s
police budgets, to -- you know supposedly deal with this debt ceiling -- the last time i checked, 87 americans did not die from the fiscal cliff or the debt ceiling. they are dying from unrestricted access to guns and congress is to blame. >> jennifer: give us some hope. if you have to put your prognosticating hat on which of the measures are going to get through this congress? will there be an assault weapons ban, background checks and a ban on high-capacity magazines. >> if...
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Jan 24, 2013
01/13
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CNN
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ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what they feel about all of this but a lot of power players weighing in on whether or not there i
ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year....
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Jan 24, 2013
01/13
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ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we hav
ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of...
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Feb 1, 2013
02/13
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. >> why did lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, it was a decision by house republican leaders a few weeks ago. they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time in nation's history. they department want to do that again. like i said, i didn't want to vote for a bigger national debt either. that doesn't fit with their philosophy. they came up with the strategy of saying we're going us is fend. and in the meantime, they want the senate to pass a budget for 2014 and the law salses that -- says that if either chamber fails to adopt a budget by april 15, the paychecks will be docked. the idea of the thing is to postpone the sort of economy raddling default situation until they can prosecute the continuing fight over taxes and spending to a point where, you know,
. >> why did lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, it was a decision by house republican leaders a few weeks ago. they tried in 2011 to use the debt limit as a lynch -- leverage point to force obama to swallow spending u cuts. it worked but -- [inaudible] to something like 9%. and they recognize that it was a bad idea. i mean, gambling with the credit of the united it turned out is a bad idea. we were downgraded for the first time...
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Jan 24, 2013
01/13
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we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at you to but. [video clip] >> from what we heard yesterday, it is pretty clear to me -- it should be clear to all you he knows he cannot do any of that as long as the house is controlled by republicans. we are expecting over the next 22 months to be the focus of this administration as they attempt to annihilate the republican party. i do believe that is their goal. and just to shut us into the dustbin of history. host: these were remarks to the ripon society. they go on to write to that the transcripts or accurate, and noted that the speaker regularly attends the event. perhaps we will hear more about this in the
we want to remind you, in case you missed it, the house passed a bill yesterday suspending the debt ceiling. here is a baltimore sun piece. also on page 6 of "the baltimore sun" is a picture of john boehner and says -- they show the speaker in a photo saying it would cut the deficit twice as fast as other plants. the speaker is also out there making a speech to the society. the headline basically says this -- his focus is basically to annihilate the republican party. here's a look at...
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Jan 24, 2013
01/13
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CURRENT
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going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see. they are going to try to balance the budget in ten years, which you cannot do without slashing medicare and medicaid, and social security. so the american people will get, i think, a very good look at the way republicans want to balance the budget and do deficit reduction and the way democrats do. we actually went through this with paul ryan's budget which was so egregious the leader of his party had to back away from it in the campaign. >> stephanie: yeah, it was seen as sort of a slap at the senate but they are calling it the no budget, no pay idea. it has been regarded by a lot of people as a gim
going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see....
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Jan 25, 2013
01/13
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CSPAN
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 28, 2013
01/13
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CSPAN2
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and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he thought it was deeply unjust. and at first he wants -- he wanted congress to be able to ve
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give...